Directly frozen 372 wallets! Even more shocking is that the public trading wallet of Tron founder Justin Sun has not escaped! On one side, the platform loudly proclaims 'anti-phishing to protect users,' while on the other, there are widespread doubts about 'abuse of power.' Is this operation a case of 'justice striking back' or 'behind-the-scenes manipulation'? As someone who has been in the game for 8 years, today I will reveal the hidden tricks behind this, and it will absolutely change your perception!
Just a few days after the crypto circle settled down, a heavyweight scandal erupted. The leading crypto service platform WLFI suddenly took action, freezing 372 wallets in one go, and even more astonishing is that this includes the public trading wallet of Tron founder Justin Sun! On one side, the platform shouts the righteous slogan of 'anti-phishing to protect users,' while on the other, there are widespread doubts about 'abuse of power.' I can uncover the details of this big drama for three days and nights, but today I will first take you through the hidden methods behind it!
Immediately, WLFI issued a statement on social media, trying to "clean up" the situation, saying, "It's not targeted at anyone, and Mr. Sun's wallet was frozen just because of risk association," and confidently guaranteed, "The frozen assets will be released within 48 hours once the risks are resolved, and compliant user transactions will not be affected." Doesn't this sound particularly familiar? Every time the platform conducts a "surprise operation," they use "protecting users" as a universal shield! But I must tell you a heartfelt truth: the core contradiction in the crypto industry has never been about whether to implement risk control, but rather about "who defines the risk control standards, whether the standards are made public, and whether there is external supervision"—if these three points are not clarified, the so-called "protection" is just a form of deception!
The platform immediately issued a statement on social media, playing the blame game, stating, "It's not targeted at anyone, including Mr. Sun's wallet, but was due to risk association that action was taken," and promised, "The frozen assets will be released within 48 hours once the risks are resolved, and compliant user transactions will not be affected." Doesn't that sound familiar? Every time the platform makes a big move, they use "protecting users" as a shield, but the core issue is not this— as someone who has been in the trenches for years, I must tell you a hard truth: the lifeblood of the crypto industry has never been about whether to implement risk control, but rather about "who defines the risk control standards and how they are defined!"
The community's doubts hit the nail on the head: "What does 'association' mean? Is it considered an association if funds are transferred once, or is it only considered if there is a fund intersection?" "There was no notification before the freeze, where is the user's right to know about their assets?" More heartbreakingly, an anonymous insider from WLFI leaked that the team internally is panicking: "Today they can freeze a big shot's wallet in the name of 'protecting users'; tomorrow can they just freeze ordinary users at will? Where exactly are the boundaries of this power?"
This question directly hits the crux of the industry! My personal view is very clear: the risk control power of centralized platforms is like a "nuclear button"; if used well, it can prevent scams and protect assets, but if used poorly, it becomes a "tool" for harvesting users. Now WLFI can't even produce a specific judgment standard, just throwing out a line saying, "Detailed rules will be issued within this week," which is equivalent to handcuffing people first and then providing the law, it's simply outrageous! You must understand that ordinary users are considered "vulnerable groups" in front of the platform; if the platform does not put the risk control rules in the open for supervision, today they can freeze Sun Yuchen's wallet, and tomorrow they can freeze yours and mine, this is not alarmism, but a truth verified by countless cases in the industry!
As of the time I wrote this, WLFI's detailed rules have not yet appeared, and there has been no response from Sun Yuchen's side; the status of the frozen wallet's funds is still "stagnant." In fact, this issue once again exposes an old problem in the crypto industry: without clear industry norms as a safety net, platforms can easily turn into an "autocracy," and the autonomy of users' assets is completely out of the question. If the industry wants to develop well in the future, it must first clarify the "boundaries of platform power"; otherwise, today it's WLFI, and tomorrow it could be another platform, and no one can guarantee that they won't be the next one to be caught in the crossfire.
